“This acquisition will play an important role in our European and Asian retail strategy, as we create single platforms to enable private clients to trade a range of OTC products that replicate listed equivalents such as exchange traded futures and foreign exchange. The acquisition will augment our already significant offerings in retail foreign exchange, CFDs, and spread trading,” said Kevin Davis, CEO of the leading futures and options broker, announcing the acquisition of the binary betting specialist.
“Binary trading is growing at an exceptional rate in Europe and Asia as clients are attracted by their flexible nature and, in some cases, tax advantages. In due course, certain markets offered by ChoiceOdds in an OTC context in Europe and Asia will be offered on a listed basis via USFE, the exchange of which we own”; added Davis.
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